Al Massira Trust Financial Statements For the year ended 31st December 2024
Al Massira Trust Contents Page Directorate and Administration Report of the Directors s-10 Report of the Independent Examiner 11-12 Statement of Financial Activities (incorporating the Income and Expenditure Account) 13 Balance Sheet 14-15 Notes to the Financial Statements 16-24
Al Massira Trust Directorate and Administration Directors/Trustees of Charity l R C Davies P J Solomon P J S Brittenden K Lyon J Greenaway J Reid Chair Resigned 28 March 2025 Resigned 22 March 2025 Appointed 15 October 2024 Chief Executive Officer A A James Registered Office 7 Bell Yard London WC2A 2JR Single Alternative Inspection Location 71 Elgin Road Pwll Llanelli SA15 4AF Independent Examiner Steve Ellum Steve Ellum & Associates Ltd Chartered Accountants Adulam House Glan Yr Afon Llanelli SA15 3QB Bankers CAF Bank Ltd. 25 Kings Hill Avenue Kings Hill West Malling ME19 4JQ Solicitors Camerons Solicitors LLP 27A Harley Place London WIG 8LZ
Al Massira Trust Directorate and Administration Company Number Company incorporated 08066742 th 11 May 2012 Charity Number Charity registered 1152547 21" June 2013 Operating Name Al Massira International
Al Massira Trust Report of the Directors for the year ended 31st December 2024 The directors present their report and the independently examined financial statements for st the year ended 31 December 2024. Al Massira Trust is a company limited by guarantee, th incorporated on 11 May 2012, not having a share capital and registered with the Charity st Commission on 21 June 2013. The company is governed by a board of trustees operating th under the Trust's Memorandum and Articles of Association dated 4 May 2012. l. Objects The worldwide objects for which the company is established are: to advance the Christian faith worldwide among those with limited access to it, particularly through the use of personal tutoring, educational resources and electronic media,. to carry out any exclusively charitable activities ancillary to the above. 2. Means of attaining the above objects The Trust's principal activity is the promotion of Al Massira, a video training resource that explains the Christian faith. this resource is delivered predominantly through training events which are organised by the Trust or its partners. The Directors have obtained professional advice in the preparation of board policies. These are under continuous review. The Directors and management team give proper consideration to the Charity Commission's guidance on public benefit when planning activities for the year. The Trust operates under England and Wales charity legislation and comprises a small administration team at the primary location and other workers and volunteers operating out of their homes in the UK, Europe, the Middle East, Africa, Asia, Australia and the America5. A growing number of independent teams based outside the UK promote the resource and run training events in their worldwide regions," the Trust's relatlonships with these teams defined by Memoranda of Understanding. Where possible these independent teams contribute income through royalties on sale5 of the resource but there is no liability for expenditure on these teams, except within the USA and Canada. As a faith-based organi5ation, the Trust places great importance not only on wise leadership and the adherence to best practice but also in a prayer-ba5ed foundation to it5 board of trustees and the daily operation of the Trust. Performance against Plan and Future plans The primary activities of the Trust are the distribution and development of the Al Massira resource. Distribution is currently achieved primarily through training and additional methods are under active consideration. Development activity includes the addition of new language variants to the Al Massiro resource through sub-titles and audio versions being added to the film resource.
Al Massira Trust Report of the Directors for the year ended 31st December 2024 In this period: 94 training events were completed worldwide with about 1500 people trained to use the Al Massira resource. 27 training events were held online which represents 29% of all trainings. Nine Train the Trainerf events were run worldwide attended by about 60 potential trainers. Four new language dubbings have been completed. Significant progress has also been made with another five language projects and another five written resource projects are under way. Demand continues to grow for the Al Mossira resource and training this includes Africa, the Arab world, several areas in Asia, Europe and N & S America and amongst those working with refugees. In many places the demand requires the resource and training to be rendered into new languages. Training is now operating in over 60 countries with a particular focus of team activity in around 40 countries. This work is supervised using ten regional coordination areas. Location-specific analytics related to the Al Massira online App indicate that the App has been downloaded in more than 140 nations. Al Massira Trust encourages team5 to form in different locations with the purpose of undertaking translation projects, delivering training and providing follow-up and support. Where possible these teams are developed through building partnerships Wlth different agencies and churches. The relationship between Al Massira Trust and these teams is both guided and guarded through the signing of Memoranda of Understanding. Resources are available in MP4 format by download and through two Al Massiro apps: a web- based app which was launched in 2022 and an SD Card app for places where internet access is limited or expensive. The SD Card App for Africa now contains ten language version. A team was formed in 2022 to produce a new series of resources (to follow on from the existing films) with a focus on discipleship. Development of this series has proceeded well during 2024, with planning for the launch of the first three 'episodes' during 2026. Websites, a shared online work platform and the database continue to be developed to support the work of the teams internationally. Communication through regular newsletters and prayer-letter5 maintains good connection with those who have been trained and who support the work of the charity. Through the training and the following engagement Al Ma55ira Trust continues to encourage healthy, friend5hip-based community development across different national and cultural backgrounds. Encouraging feedback has been received from those participating in AIMGS5ifL7 groups around the world; many reports are being received of lives being changed through encounteringjesus through a deeper exploration of the Christian Scriptures.
Al Massira Trust Report of the Directors for the year ended 31st December 2024 4. Appointment, Induction and Training of Directors Selection of new trustees is the responsibility of the board of trustees alone and appointment for a three-year term is by a resolution of the trustees. One new dirertor, Jonathan Reid, was appointed in this period. An induction process is undertaken for all new directors/trustees, including 3 personal meeting with the board Chair orthe Chairfs representative and an invitation to attend a board meeting as an observer where practicable. All directors are apprised of their roles and responsibilities as directors of a company and trustees of a trust and are provided with copies of the key documents governing Al Massira Trust including the board's policies. In the induction process trustees are also directed towards the Charity Commission's website. 5. Governance and Board Policies The board continued its programme of rolling review, and where necessary revision, of all board policies which in 2024 notably included the board's Financial Policies, Safeguarding of Vulnerable Individua15, Conflict of Interest, Anti~Money Laundering Policies. In addition, the Board Code of Conduct was reviewed. 6. Data Protection Introduction of data protection requirements under the GDPR in 2018 has become well established in the charitvs operations and processes. 7. Risk Review The board formally reviews its Risk Register annually or whenever there are significant changes in the nature of the charity's work or it5 spheres of operation. During 2023 the Board's chair initiated the personal discipline of reviewing the Risk Register monthly, a practice that was maintained during 2024. Funding is a primary concern and following the initial years of seed funding the board wishes to broaden it5 funding base and develop a wider range of grant making bodies and personal donors. The board is pleased to note a steady increase in monthly standing order income from personal donors. At the same time, it is working to ensure that costs of its training are carefully controlled and that in the developed world, where the recipients are able to do so, a reasonable contribution towards that training is sought from delegates. 8. Reserves Policy Reserves are defined as totally unrestricted funds. At all times, the acceptable level of free reserves held by the Trust will be equivalent to three months of budgeted annual unrestricted expenditure (2024: £22,188, 2023: £24,474). The minimum level of free reserves held by the Trust will be equivalent to two months of budgeted annual unrestricted expenditure {2024: £14,792, 2023.. £16,316). When possible, free reserves will be held at four to five months of bud8eted annual unrestricted expenditure. At the year-end free reserves of £46,525 were
Al Massira Trust Report of the Directors for the year ended 31st December 2024 held {2023: £66,037) which was equivalent to 7 months actual unrestricted expenditure 12023: 9 months). Unrestricted funds, which are held by partner organisations on behalf of the Trust, will be included within reserves but clearly identified as being held by partners. The Reserves have been maintained at the agreed level throughout 2024 and the balance of funds held in GBP and USD carefully managed. 9. Directors, Responsibilities Company law requires the directors to prepare financial statements for each financial period which give a true and fair view of the financial activities for that period together with the assets and liabilities at the end of the period and which adequately distinguish any material special trust or other restricted fund of the company. In preparing those financial statements, the director5 are required to: a) select suitable accounting policies and then apply them consistently, b) make judgments and estimates that are reasonable and prudent. cl state whether the policies adopted are in accordance with the appropriate SORP on Accounting by Charities and the Accounting Regulations and with applicable accounting standards subject to any material departures disclosed and explained in the financial statements; and d) prepare financial statements on the 'going concern, basis unless it is inappropriate to assume that the company will continue in its activities. The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial posltion of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006 and Statements of Recommended Practice and the regulations made under section 130 of the Charities Act 2011. They are a150 responsible for safeguarding the assets of the company and hence for taking reasonable 5tep5 for the prevention and detection of fraud and irregularities. 10. Management Al Massira is managed by the International Leadership Team which comprises at a minimum the Chief Executive Officer, the Director of Operations, and the Translation, Training and New Developments Directors. This team develop5 the strategic plan which is then reviewed and approved by the Board of Trustee. Regional Management of the organization is handled by appointed Regional Coordinators, who serve the various global regions in which Al Massira is active, through provision of training, development of programming and input to new language projects.
Al Massira Trust Report of the Directors for the year ended 31st December 2024 11. Strategic intent The board supports operational management in several ways: reviewing the organisational structure as the work grows, reviewing and affirming the Trust's objectives and plans, both operational and strategic, with a 3-year Strategic Plan being reviewed and updated annually. ensuring that the core values are being adhered to and followed through, ensuring adherence to the legislative framework as it applies to AMT, staffing and fundraising and other related matters. As part of the board's own development, it has added and continues to seek additional trustees whose skills will match the needs of the expanded work towards these objectives. 12. Financial Review Income to the trust comprises receipts from organisers of Al Massira training events throughout the world. donations from individuals and grants from grant-makers and churches. The training income receipts include an element of sale of the resource to trainees, often at a reduced price in areas where the ability to pay is well below the level of the full product price charged in countries with developed economies. Significant attention continues to be given to careful budgeting. All new language translations must first be backed by clear funding commitments. New approaches to the presentation of the work and needs of the charity and new donor management systems have been put in place. Thus, the trustees have sought to raise the profile of Al Massira with interested supporters, backed by stories of the work that takes place around the world. Whilst the trustees are grateful for continued committed funding enabling the work to continue and grow, it is recognised that the funding environment remains challenging and continued growth requires the nurturing of good relationships with both large and small donors. Net movement in funds for the year amounted to -£17,119 (2023: £31,571). Unrestricted funds carried forward at the year-end were £54,050 (2023: £69,700). Restricted funds carried forward at the year-end were £303,022 (2023: £304,491), the majority of which were for the development of new languages and of a second video-based, multi-media, immersive resource. 13. Team member5 Most team members, including those based overseas, are treated by the local tax authorities as self-employed or volunteers. The exceptions are a small number of part-time clerical staff based at the principal location, who are the only employees. Additional people work voluntarily as trainers, local or language related 'coordination team, members, translator5 or training event organisers; these people do not, except by invitation, partake in the primary decision making of the Trust's day-to-day activities. For management purposes a notional value of £303,000 was budgeted for volunteer time during the year but this figure has not been included in the accounts.
Al Massira Trust Report of the Directors for the year ended 31st December 2024 The Trust continues to operate an auto-enrolment pension scheme for all ellgible employees based in the UK, as required by law and that scheme is well established having now reached the full level of statutory contributions for employer and employees. 14. Reglstered Office The company's registered office contlnues at its address In London and the Directors are satisfied that this location is advantageous for the Trust. A Single Alternative Inspection Location (SAIL) is operated and all Registered Office documents are now held on a secure cloud server. 15. Independent Examination Steve Ellum was re-appointed 35 Independent Examiner of the company on 9 May 2024 in respect of the year ended 31st December 2024. Approval This report was approved and authorised for issue by the directors on ..-&.. June 2025 and signed on their behalf: l R C Davies Director Company name: Company number: Al Massira Trust 08066742 10
Al Massira Trust Report of the Independent Examiner for the year ended 31st December 2024 I report on the accounts for the year ended 31 December 2024 set out on the following pages. Responsibilities and basis of report As the charity's trustees of the company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ("the 2006 Act"). Having satisfied myself that the accounts of the company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charitws accounts as carried out under section 145 of the Charities Act 2011 ("the 2011 Act"). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)Ib) of the 2011 Act. Independent examiner's statement Since the companTrls gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that: accounting records were not kept in accordance with section 386 of the Companies Act 2006; or the accounts do not accord with such records; or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination; or the accounts have not been prepared in accordance with the Charities SORP (FRS1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. li
Al Massira Trust Report of the Independent Examiner for the year ended 31st December 2024 Signed: Name: Steve Ellum Steve Ellum & Associates Ltd Chartered Accountants Adulam House Glan Yr Afon Llanelli SA15 3QB Address: Date: 2025 12
Al Massira Trust Statement of Financial Activities (incorporating the Income and Expenditure Account) for the year ended 31st December 2024 Unrestricted Funds 2024 Restricted Fund5 2024 Total Funds 2024 Total Funds 2023 Note Income Donations 45,260 239,722 284,982 244,992 Investment Income Income from Charitable Activities 6,731 6,731 4,689 8,673 787 9,460 17,039 rotal Income 60,664 240,509 301,173 266,720 Expenditure Charitable Activities 76,314 241,978 318,292 235,149 Total Expenditure 76,314 241,978 318,292 235,149 Net (Expenditure)/lncome (15,650} {1,469) 117,119) 31,571 Interfund Transfers 12 Net Movement in Funds (15,6501 (1,469) 117,119) 31,571 Reconciliation of Funds Total funds brought forward 69,700 304,491 374,191 342,620 Total funds carried forward 54,050 303,022 357,072 374,191 This Statement of Financial Activities includes all gain5 or losses reco8nised in the year. All income and expenditure derives from continuing activities. This Statement of Financial Activities includes an income and expenditure account in accordance with Companies Act 2006 requirements. 13
Al Massira Trust Balance Sheet as at 31st December 2024 Note 2024 2023 Fixed Assets Tangible Assets 4,613 Current Assets Debtors Cash at Bank and in Hand 10 70,253 289,834 360,087 95,181 283,844 379,025 Creditors: Amounts falling due within one year li 17,628) 14,834) Net Current Assets 352,459 374,191 Net Assets 357,072 374,191 Capltal and Reserves Restricted Funds Unrestricted Funds Total Charity Funds 12 303,022 54,050 357,072 304,491 69,700 374,191 12 13 The directors have taken advantage of the Companies Act 2006 in not having these accounts audited under Section 477(11. No members have required the company to obtain an audit of its accounts for the period in question in accordance with Section 476. The Directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with 5386 and s387 of the Companie5 Act 2006 and section 138 of the Charities Act 2011. These accounts have been prepared in accordance with the provisions in Part 15 of the Companie5 Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company. The notes which follow on pages 16 to 24 form part of these financial statements. 14
Al Massira Trust Balance Sheet as at 31st December 2024 Approval These accounts were approved and authorised for issue by the directors on ...t... June 2025 and signed on their behalf: l R C Davies Director Company name: Al Massira Trust Company number: 08066742 15
Al Massira Trust Notes to the Financial Statements for the year ended 31st December 2024 l. Company Information Al Massira Trust is a company limited by guarantee and registered in England and Wales, registration number 08066742, and a registered charity number 1152547. The registered office is 7 Bell Yard, London, WC2A 2JR. Basis of preparation Basis of accounting The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice {SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard (FRS102) published on th 16 July 2014 - Charities SORP (FRS1021, the Financial Reporting Standard (FRS102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from l January 2015. st The charitable company constitutes a public benefit entity as defined by FRSIO2. The financial statements have been prepared on a going concern basis under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the charity. The charity has applied Update Bulletin l as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section IA. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Changes to previous accounts No changes have been made to the financial statements for previou5 years unless Otherwise stated within the notes as a prior year adjustment. b) Preparatlon of the accounts on a going concern basis The directors continue to pursue strategies to increase the number of grants and donation5 needed to fund the work, and hence these accounts have been prepared on a going concern basis. Income recognition policies Items of income are recognised and included in the accounts when all of the following criteria are met.. the charity has entitlement to the funds; any performance conditions attached to the items of income have been met or are fully within the control of the charity,. 16
Al Massira Trust Notes to the Financial Statements for the year ended 31st December 2024 there is sufficient certainty that receipt of the income is considered probable; and the amount can be measured reliably. d) Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Fund accounting Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the directors have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work. f) Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. g) Allocation of support costs All support costs have been divided between direct charitable expenditure and other expenditure. Within these there is a further analysis of functional support, fundraising, publicity and governance costs. The costs incurred by any particular activity (project, team or administrative department) have been allocated according to the nature, charitable or otherwise, of that activity. h) Operatlng leases Rentals paid under operating leases are charged to income as incurred. Governance Costs These include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. Tanglble Fixed Assets Individual fixed assets costing £1,000 or more are capitali5ed at Cost and are depreciated over their estimated useful economic lives on a straight-line basis as follows: Computer equipment over three years 17
Al Massira Trust Notes to the Financial Statements for the year ended 31st December 2024 k) Creditors and provisions Creditors and provisions are recognised at their settlement amount where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. 2. Income from Donatlons and Grants Donations and Grants have been received during the year as follows: Unrestricted Restricted Total 2024 General Translation Team5 Al Ma5sira App AM2 Other 45,260 17,000 72,479 72,661 14,047 53,661 9.874 239,722 62,260 72,479 72,661 14,047 53,661 9.874 284,982 45,260 2023 General Translation 85,471 2,000 39,360 28,750 9,221 69,953 10,237 159,521 87,471 39.360 28,750 9,221 69,953 10,237 244,992 Teams Al Massira App AM2 Other 85,471 3. Income from Charitable Activities Unrestricted Restricted Total 2024 Income from Training and Resources 8,673 8,673 787 787 9,460 9,460 2023 Income from Training and Resources 16,047 16,047 992 992 17,039 17,039 18
Al Massira Trust Notes to the Financial Statements for the year ended 31st December 2024 4. Analysis of Expenditure on Charitable Activities Unrestricted Restricted Total 2024 Staff & Team Team Gatherings Development Translation Training Website & IT Development Promotion & Conferences Governance AM Team Expenses Other Group Expenses 42,855 634 2,011 63,198 42.322 50,483 50,151 3,820 7,711 106,053 42,956 52,494 50,151 3,820 20,985 3,374 1,828 25,044 11.587 318,292 13,274 3,374 1,828 751 11,587 76,314 24,293 241,978 2023 Staff & Team Development Translation Training Website & IT Development Promotion & Conferences Governance AM Team Expenses Other Group Expenses 49,252 31,685 32,410 63,106 277 11,272 80,937 32.410 63,138 277 27,829 128 1,746 13,632 15,052 235.149 32 16,557 128 1,746 4,270 14,830 86,815 9,362 222 148,334 5. Governance Costs All governance costs were paid from unrestrirted funds. 2024 2023 Independent Examiner's Fees Costs associated with Board Meetings Other Costs 780 990 58 1,828 780 893 73 1,746 19
Al Massira Trust Notes to the Financial Statements for the year ended 31st December 2024 6. Net Expenditure for the year This is stated after charging: 2024 2023 Depreciation Independent Examination provision 419 493 780 780 7. Analysis of Staff Costs and Trustee Remuneration and Expenses Staff and Team Member costs were as follows: 2024 2023 Salaries Pension Contributions 48.621 1,133 49,754 51,125 1,235 52,360 No employee of the charity received emoluments of more than £60,000 (2023: none). One of the trustee5, Jonathan Greenaway, wa5 employed on a part-time basis from March to December 2024 by DMG interpersonal e.V. in Germany and received £15,550 from his employment with this organisation. He was seconded to Al Massira to work as the AM2 Producer and AM reimbursed DMG with the total costs of his employment, amounting to £22,459. In addition, Jonathan was reimbursed directly for travel and other expenses totalling £1,767 incurred in this role. (2023: nil). No other trustee received any remuneration during the year. One trustee received reimbursement of expenses of £206. (2023: two trustees £3771. The Chief Executive Officer and Director of Operations of Al Massira give theirtime voluntarily and therefore the total employment benefits, including employer pension contributions, of the key management personnel of the charity were £nil (2023: £nill. During the year the charity had no full-time employees (2023: one) and four part-time employees (2023: four). 8. Taxatlon As a charity, Al Ma5sira Trust is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or 5256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 20
Al Massira Trust Notes to the Financial Statements for the year ended 31st December 2024 9. Tangible Fixed Assets All assets are held for direct charitable purposes. Computer Equipment Total Cost At l January 2024 Additions Disposals At 31 December 2024 5,998 5,032 5,998 5,032 11,030 11,030 Depreciation At l January 2024 Disposals Charge At 31 December 2024 5,998 5,998 419 419 6,417 6,417 Net Book Values At 31 December 2024 4,613 4,613 At 31 December 2023 10. Debtors 2024 2023 Amount5 falling due within one year Funds held in the US Other Debtors Prepayments and accrued income Gift Aid tax repayment due 67,789 496 1,776 192 70,253 91,454 561 1,816 1,350 95,181 11. Creditors: amounts falling due wlthln one year 2024 2023 Trade Creditors Other Creditors Accruals 4,155 2,693 780 4,054 780 7,628 4,834 21
Al Massira Trust Notes to the Financial Statements for the year ended 31st December 2024 12. Movements in Funds At 1st Jan 2024 Income Expenditure At 31st Dec 2024 Transfers Restricted funds Language Development Regional Coordination Teams Al Massira App AM2 Other Total Restricted funds 111,399 72,479 (62,181) {4,8001 116,897 31,950 3,442 133,848 23,852 304,491 73,447 14,047 53,661 26,875 240.509 (64,442) (22,286) 160,828) 132,241) (241,978) 40,955 4,800 126,681 18,486 303.022 Unrestricted funds Designated funds Language Development Regional Coordination Teams 500 132) 468 3,163 3,663 {719) (751) 2,444 2,912 Total Designated funds General funds 66,037 60,664 {75,563) 51,138 Total unrestricted funds 69.700 60,664 (76,314) 54,050 Total funds 374,191 301.173 (318,292) 357,072 Purposes of Restricted Funds Language Development: These funds are grants or donations which have been given for translating the Al Massira resource5 into various language5. Regional Coordination Teams: These funds are donations for running Al Massira teams and training events in specific regions Al Massira App: These funds are donations and grants for the development of the Al Massiro App. AM2: These funds are donations and grants for the development and produttion of a second video-based resource. Other funds: These funds include donations for specific projects, artivities and events. £4,800 has been transferred from the Language funds into the AM App fund for development of the AM App. 22
Al Massira Trust Notes to the Financial Statements for the year ended 31st December 2024 Purposes of Designated Funds Language Development: These funds are for translating the Al Massira resources into various languages. Regional Coordination Teams: These funds are for Al Massira teams and training events in specific areas. 13. Analysis of Net Assets between Funds st Fund balances at 31 December are represented by: Unrestricted Designated Funds Funds Restrirted Funds Totsl Fixed Assets Current Assets Current Liabilities Net Assets at 31st December 2024 4,613 54,153 (7,628) 4,613 360,087 (7,628) 2,912 303,022 51.138 2,912 303.022 357,072 14. Related Parties Total donations made to the charity by related parties were £912 {2023: £5631. 'Funds held in the US, of £67,78912023: £91,454} are donations made to the work of the charity and income from training events held in the US. These are held on the charity's behalf by World Horizons USA which is incorporated in the State of Virginia as 'Horizons Expeditions Inc, Andrew Fuller is the Director of Operations and a signatory for one of the bank accounts of Al Massira Trust. He is also a signatory on the bank accounts of 'Horizons Expeditions Inc,. One of the trustees, Jonathan Greenaway, was employed on a part-time basis from March to December 2024 by DMG interpersonal e.V. in Germany and received £15,550 from his employment with this organisation. He was seconded to Al Massira to work as the AM2 Producer and AM reimbursed DMG with the total costs of his employment, amounting to £22,459. In addition, Jonathan was reimbursed directly fortravel and other expenses totalling £1,767 incurred in this role. (2023: nil). 23
Al Massira Trust Notes to the Financial Statements for the year ended 31st December 2024 15. Statement of Flnancial Activities (Incorporating the Income and Expenditure Account) for the year ended 31" December 2023 Unrestricted Funds 2023 Restricted Funds 2023 Total Funds 2023 Income Donations Investment Income Income from Charitable Activities Total Income 85,471 4,689 16,047 106,207 159,521 244.992 4,689 17,039 266,720 992 160,513 Expenditure Charitable Activities Total Expenditure 86,815 86,815 148,334 148,334 235,149 235,149 Net Movement in Funds 19,392 12,179 31,571 Interfund Transfers Reconciliation of Funds Total funds brought forward Total funds carried forward 50,308 69.700 292,312 304,491 342,620 374,191 24